Defense to claim largest share of ATR market to 2025, study findsNews
March 29, 2021
NORTHBROOK, Ill. The global antenna, transducer, and radome (ATR) market will grow from $9.1 billion in 2020 to $16.0 billion by 2025, at a combined annual growth rate of 11.9% during the study period, according to market research from MarketsandMarkets, "Antenna, Transducer, and Radome Market -- Global Forecast to 2025."
The study authors found that defense is the largest segment of the ATR market (compared to the commercial segment), with growth and stability of the defense market attributed to the high volume of antennas, transducers, and radomes used in defense platforms.
The ground ATR segment claims the largest share of the ATR market, with increasing demand for enhanced and optimized communication, navigation, and surveillance tools, while the naval segment will grow at the highest CAGR from 2020-2025, due to an increase in demand for unmanned underwater vehicles and upgrades in military vessels, which thereby boosts the demand for antennas and transponders.
For additional information visit the MarketsandMarkets website.